Latest news with #OllyBarratt
CNA
3 days ago
- Business
- CNA
OECD cuts global GDP forecast amid tariff uncertainties, increase in trade barriers
Trade policy under US President Donald Trump is taking a major toll on global growth. The Organisation for Economic Co-operation and Development has cut its GDP forecast for this year and the next to below 3%. It has warned of an even weaker outlook, should it see a further rise in protectionism. The OECD's chief economist also said a "significant increase in trade barriers" and uncertainty caused will lead to "weakened economic prospects" all around the world. Olly Barratt reports from London.
CNA
4 days ago
- Business
- CNA
British PM Starmer unveils defence spending plans for 'warfighting readiness'
The UK is set to release a key defence review, which aims to ensure that its armed forces is ready and able to fight in a modern war. The assessment will warn of an "immediate and pressing" threat from Russia, as well as the "sophisticated and persistent" challenge China poses to British interests. The UK's existing fleet of nuclear-powered attack submarines will be expanded, with a new model developed with Australia under the AUKUS security pact that also includes the US. Olly Barratt reports from London.
CNA
22-05-2025
- Politics
- CNA
Chagos Islands deal: UK High Court lifts injunction allowing government agreement to proceed
The UK government has been allowed to proceed with transferring sovereignty of the Chagos Islands over to Mauritius. It comes after the High Court overturned an 11th-hour injunction which had blocked the agreement from being signed earlier. Olly Barratt reports from London.
CNA
08-05-2025
- Politics
- CNA
Papal conclave: Cardinals to convene for evening ballot sessions after inconclusive morning
The papal conclave will soon gather for an evening vote to pick the next head of the Catholic Church. Twice now, black smoke has come out of the chimney of the Sistine Chapel, where dozens of cardinals are sequestered to choose the successor to the late Pope Francis. Olly Barratt reports from Rome.
CNA
08-05-2025
- Politics
- CNA
Cardinals fail to elect a new pope after their first vote
Cardinal electors who are gathered in Vatican City have failed in their first vote to pick a new pope. Black smoke rose from a chimney above the Sistine Chapel, indicating that the conclave will continue until a successor for the late Pope Francis is found. The 133 cardinals will vote again on Thursday (May 8). Olly Barratt reports from Rome.
